
Applied Materials (AMAT) Stock Forecast & Price Target
Applied Materials (AMAT) Analyst Ratings
Bulls say
Applied Materials is poised for continued growth, underpinned by a projected increase in operational expenditures of approximately 3% year-over-year, following a 5% rise in FY25, supported by workforce reductions. The company's revenue from systems decreased by 5% quarter-over-quarter to $4.770 billion, but still demonstrated robust performance in global foundry sales and relative strength in DRAM and NAND segments, reflecting resilience amid shipment restrictions. Furthermore, management anticipates significant improvements in customer visibility for calendar year 2026, with expectations for sustained demand driven by emerging needs, such as OpenAI-related chip orders potentially contributing over $7 billion to the industry.
Bears say
The financial analysis of Applied Materials reveals a concerning outlook primarily due to flat overall revenues, with a notable 7% quarter-over-quarter decline attributed largely to weakening demand in foundry/logic and NAND segments. Risks such as ongoing supply chain challenges, the potential inability to procure critical components, and a protracted recovery in equipment utilization rates further exacerbate uncertainties surrounding the company's performance. Additionally, management's commentary regarding the 2026 outlook suggests potential downward revisions to earnings estimates, compounded by concerns over its mature node exposure and integration challenges from recent acquisitions, which could ultimately impact margins and cash flow.
This aggregate rating is based on analysts' research of Applied Materials and is not a guaranteed prediction by Public.com or investment advice.
Applied Materials (AMAT) Analyst Forecast & Price Prediction
Start investing in Applied Materials (AMAT)
Order type
Buy in
Order amount
Est. shares
0 shares